Newag Balance Sheet

Financials in millions PLN. Fiscal year is January - December.

Millions PLN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	576.61	267.31	483.58	45.83	127.67
Cash & Short-Term Investments	576.61	267.31	483.58	45.83	127.67
Cash Growth	115.71%	-44.72%	955.21%	-64.10%	34.35%
Accounts Receivable	186.74	253.96	167.8	332.21	222.16
Other Receivables	28.56	13.48	21.41	9.54	62.38
Receivables	215.29	267.44	189.21	341.81	284.67
Inventory	720.36	611.55	492.91	534.62	480.59
Prepaid Expenses	0.59	0.36	0.22	0.22	0.3
Other Current Assets	35.66	29.39	24.06	13.46	10.22
Total Current Assets	1,549	1,176	1,190	935.94	903.44
Property, Plant & Equipment	449.11	450.2	431.5	442.08	455.12
Goodwill	16.98	16.98	16.98	16.98	18.73
Other Intangible Assets	1.22	1.69	1.91	2.16	3.06
Long-Term Deferred Tax Assets	18.46	15.52	15.87	15.7	8.99
Long-Term Deferred Charges	15.47	19.69	2.81	5.32	7.68
Other Long-Term Assets	55.41	53.21	71.97	3.22	4.52
Total Assets	2,105	1,733	1,731	1,421	1,402
Accounts Payable	232.81	205.03	170	97.5	151.2
Accrued Expenses	94.71	54.07	59.06	61.92	42.32
Short-Term Debt	35.73	35.95	107.05	290.8	282.54
Current Portion of Leases	7	25	13.31	13.09	29.26
Current Income Taxes Payable	60.15	21.37	9.59	1.04	0.06
Current Unearned Revenue	354.31	328.02	400.21	66.22	19.52
Other Current Liabilities	58.29	55.68	28.43	48.44	32.63
Total Current Liabilities	843.01	725.11	787.65	579.01	557.53
Long-Term Debt	5.63	6.19	2.91	-	7.95
Long-Term Leases	68.9	72.67	91.88	103.58	104.2
Long-Term Unearned Revenue	2.85	18.31	20.19	21.11	25.47
Pension & Post-Retirement Benefits	10.14	9.7	9.74	7.57	8.03
Other Long-Term Liabilities	27.53	20.25	16.35	0.94	1.02
Total Liabilities	958.05	852.23	928.71	712.2	704.2
Common Stock	11.25	11.25	11.25	11.25	11.25
Retained Earnings	920.58	665.87	703.09	609.71	596.93
Comprehensive Income & Other	213.92	203.28	87.85	88.01	88.92
Total Common Equity	1,146	880.39	802.2	708.97	697.1
Minority Interest	1.35	0.71	0.12	0.22	0.24
Shareholders' Equity	1,147	881.1	802.32	709.19	697.34
Total Liabilities & Equity	2,105	1,733	1,731	1,421	1,402
Total Debt	117.26	139.81	215.15	407.47	423.96
Net Cash (Debt)	459.36	127.5	268.43	-361.64	-296.29
Net Cash Growth	260.29%	-52.50%	-	-	-
Net Cash Per Share	10.21	2.83	5.97	-8.04	-6.58
Filing Date Shares Outstanding	45	45	45	45	45
Total Common Shares Outstanding	45	45	45	45	45
Working Capital	705.5	450.94	402.34	356.93	345.91
Book Value Per Share	25.46	19.56	17.83	15.75	15.49
Tangible Book Value	1,128	861.73	783.31	689.83	675.32
Tangible Book Value Per Share	25.06	19.15	17.41	15.33	15.01
Land	0.18	0.18	0.18	0.18	0.18
Buildings	430.02	430.02	428.27	430.95	401.59
Machinery	340.55	266.5	233.33	213.24	214.97
Construction In Progress	12.08	5.71	-	11.35	7.36

Source: S&P Global Market Intelligence. Standard template. Financial Sources.